Shanghai, 22 May 2025 – Dagang NeXchange Berhad (“DNeX”) through wholly-owned subsidiary Dagang Net Technologies Sdn Bhd has signed a Heads of Agreement with Shanghai E&P International, Inc. to collaborate on key digital trade initiatives between Malaysia and China.
This collaboration follows the recent visit by President of the People’s Republic of China Xi Jinping to Malaysia, underscoring renewed commitment to deepen bilateral ties and strengthen economic and digital cooperation between the two countries.
Under the agreement, formalised in Shanghai earlier today, both parties will focus on the following areas:
- Cross-border Visualisation of Sea Freight Logistics Movement – Enabling enhanced visibility and tracking of sea freight logistics movement and assessing the carbon footprint impact between Malaysian and Chinese ports.
- Cross-border Clearance Facilitation and Connectivity – Strengthening cooperation on processes to reach clearance and establishing connectivity with Shanghai and other regional e-ports in China.
- Trade Documents Exchange – Facilitating seamless exchange of trade documents to enhance efficiency in both trade and non-trade processes.
Aligned with the broader strategic goals discussed during President Xi’s visit to Malaysia, the initiatives being explored by both parties hold strong potential to enhance supply chain efficiency, deepen digital trade integration, and reinforce connectivity between the two countries. These efforts can lead to improved visibility, faster clearance times, reduced carbon emissions, and substantial cost savings.
By leveraging digitalisation and strengthening connectivity, businesses can minimise manual errors, optimise routes, and streamline operations. The result is not only financial benefit but also the promotion of a more environmentally sustainable supply chain thus creating value for both businesses and consumers.
Shanghai E&P International, Inc. is a state-owned enterprise and operator of the Shanghai International Trade Single Window dedicated to supporting clients in decision making through data value exploration via service and solution offerings designed to facilitate regulatory administration and cater to market-oriented needs. Port of Shanghai is generally recognised as the largest port in China and the world’s largest container port in terms of container throughput, and one of the key ports in China that handle movement of goods between Malaysia and China.
According to Faizal Sham Abu Mansor Group Chief Executive Officer of DNeX, the partnership will unlock new opportunities for seamless cross-border trade and exchange, providing businesses with streamlined processes, enhanced supply chain transparency, and improved operational efficiency.
“This partnership marks a key step towards a more connected and efficient trade ecosystem. By embracing digital innovation, we’re enhancing logistics visibility, streamlining trade, and supporting deeper economic cooperation between Malaysia and China. The timing aligns well with the renewed momentum in bilateral ties following President Xi’s visit, reinforcing our commitment to advancing digital trade between both nations,” he said.
With over 45,000 users, Dagang Net’s platform will offer broader access to digital trade tools, improved supply chain transparency, and seamless integration with China’s key trade networks, empowering businesses to trade smarter and faster.
For 16 years since 2009, China has remained Malaysia’s largest trading partner. Total trade between the two countries is valued at RM484.12 billion in 2024, representing 16.8 percent of Malaysia’s total global trade valued at RM2.879 trillion. (Source: Press Release from Ministry of Foreign Affairs Malaysia titled “State Visit by The President of The People’s Republic of China to Malaysia 15 – 17 April 2025)
Both parties will commence technical reviews and assessments to implement the outlined initiatives, with the shared vision of enhancing trade efficiencies and fostering deeper economic cooperation between Malaysia and China. Dagang Net, which is part of DNeX IT business segment of DNeX Group, will leverage on its broader expertise including Internet of Things (“IoT”), Smart Digital Infrastructure and artificial intelligence (“AI”) to enhance and future-proof its solutions with next-generation digital capabilities.
DNeX, via its wholly-owned subsidiary Dagang Net Technologies Sdn Bhd, is a member of the PAA.net Digital Trade Alliance, the first global digital trade alliance that aims to promote and provide secure, trusted, reliable and value-adding IT infrastructure and facilities for efficient global trade and logistics, and the Asia-Pacific Model E-Port Network (“APMEN”), which promotes supply chain connectivity and trade facilitation in the Asia-Pacific region.
